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20121121
20121129
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MSNBCW 14
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MSNBC
Nov 26, 2012 8:00am PST
, a new report out today showing how tax hike fears could impact consumer spending during the all-important holiday shopping season. part 2, the president's plans to take the issue straight to the voters and campaign style appearances and the use of an army of campaign volunteers to sell his message on tax hikes. the hope, that the coalition that put president obama back in office will help him ramp up the pressure on congress to make a deal. joining me now, chris van hollen and also a member of the house budget committee, congressman, good morning to you, sir. >> good morning, craig. great to be with you. >> the national journal reporting that the president could hold events related to the cliff this week. what are you hearing? >> well, i think that's right. i don't think anything has been settled. there have been on going conversations, but obviously the discussion will heat up this week now that the thanksgiving is behind us. >> what does the white house hope to accomplish with these types of events? >> well, look, this was not a side issue in the campaign. throughout the last
MSNBC
Nov 27, 2012 8:00am PST
is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senators lindsey graham, saxby chambliss, congressman peter king among other republicans who said they'd be willing to break away from grover norquist's anti-tax pledge. will you say if you're willing to break that pledge in order to save the country from the fiscal cliff. >> hello, thomas. and first of all, i signed that pledge two years ago, and the reason i signed it is because i think increasing tax rates, increasing the amount of money that the federal government takes away from job creators is going to harm economic growth a
MSNBC
Nov 23, 2012 11:00am PST
on what to do about revenues with the white house saying the bush era tax rates should expire and republicans insisting any new revenues come from closing loopholes in the tax code. kristen welker joining us from the white house. he said the talks said to be stalled. what is the white house saying? >> reporter: they certainly know this is going to be a tough slog. certainly you had this sort of sense of bipartisanship after the leaders came to the white house. it seems as though that has gone awe with democrats digging in their heels on the issue of entit entitle. s and republicans on taxes. congress talking about some types of compromises, one that would include rolling back tax breaks for big corporations and wealthy americans as you just talked about. another one would potentially roll back the bush era tax cuts but instead of allowing rates to go back up to the clinton levels of 39%, maybe they would go back to 37%. these are just some ideas being talked about. you're absolutely right. there is nothing that really looks to be moving forward at this point in time. but the o
MSNBC
Nov 23, 2012 8:00am PST
in their heels on the issues of taxes. democrats seem to be hardening their stance. taxes, that challenge is going to be to find a way to increase taxes on the wealthy. to increase taxes on higher earners without increasing the rate. that would be a win win for both sides. the question is, how do you do that? one option, to potentially roll back tax breaks that wealthier americans and corporations are given. they're batting a couple of ideas around. one thing that is giving folks hope, the fact that house speaker john boehner and eric cantor seem to be working more in lock step now than they were during the summer of 2011. if that holds, it really could help the house of representatives to get on 3w0rd of some type of idea. >> we've heard from chairman bernanke and others. how much of a factor will the fed and the ceos of all these major companies be as we get closer to this major deadline? >> one of the questions is how do people react where all these tax increase, all these spending cuts take effect. if there's no deal in the middle of december, say, do we start to see some real impacts
MSNBC
Nov 23, 2012 7:00am PST
on a platform of increasing taxes on wealthier americans, if you look at the polls a majority of americans actually agree with him on that issue. as you know, president obama invited congressional leaders to the white house last week. they struck a rare tone of bipartisanship after that meeting. then as you point out, seems like both sides sort of went back to their respective corners and democrats really digging in their heels on entitlements, republicans digging in their heels on the issue of taxes. we're told that aids on the hill are trying to work through a couple of compromise scenarios, especially on the issue of taxes, that would essentially allow taxes to go up on wealthier americans without increasing the rates. there are a couple of ways that you can do this. one would be to roll back tax breaks that will wealthier americans get. another idea is to possibly tax higher income earners on the lump sum of their salaries. so they're sort of batting some of those ideas back and forth. one component though, alex, that is giving folks around here some optimism, speaker boehner and major
MSNBC
Nov 28, 2012 8:00am PST
to usual his party to strike a deal. right now, get this done. keeping the bush tax cults for 98% of americans, give up on keeping tax cuts low for the wealthy, 2%. take a listen to what cole on capitol hill had to say moments ago. >> in my view, we all agree that we're not going to raise taxes on people who make less than $250,000. we should take them out of this discussion right now and continue to fight against any rate increase, continue to try to work honestly for a much bigger deal. >> has the tipping point been reached, sir? is the compromise in front of us right now because so many republicans are willing to talk act revenue? >> well, look. tom cole, who is a friend of mine, was the former chairman of the republican congressional campaign committee. i am the current chairman of the democratic congressional campaign committee. anytime you can get the former republican congressional campaign committee chair and the current democratic congressional committee democratic chair to agree on something, do it, pass it. tom cole is right. this is why people are frustrated with wash
MSNBC
Nov 22, 2012 7:00am PST
. they are still basically saying that they want to keep the bush-era tax cuts where they are, which is completely the opposite of democrats want, which is to let the bush-era tax cuts expire for the wealthiest americans. republicans talking about reforming entitlements. you have harry reid saying he is not open to reforming specifically social security. there may be some wiggle room on some of the other entitlements, but things are off to a rocky start with house speaker john boehner writing an editorial saying he thinks the president's health care plan should be on the table. that is certainly something that both sides will go to the mat over, but i think there's a lot of pressure to get a deal done by the first of the year for the reason that you just cited. because if they don't, this will have a big impact according to a lot of economists on the economy and they just don't want to see that happen and bear the brunt of that. >> understandably so. quickly, the president's plans for today are what? is he there in the house behind you or elsewhere? >> reporter: he is in the house behind me. quiet
MSNBC
Nov 23, 2012 10:00am PST
to reach a deal on the so-called fiscal cliff. that combination of tax hikes and spending cuts many economists warn could throw this country back into a recession. the president and top congressional leaders met at the white house and it appeared they made progress. since then talks have hit a bit of a rough patch. joining me from louisville kentucky, for a progress report of sorts on whether negotiations stand right now, kentucky congressman john yarmuth. good afternoon to you. >> good afternoon. where do the negotiations stand right now? >> right now, this is something where the staffs of the leadership in both the house and senate and white house are trying to work through possible think they're making a lot of progress and, for instance, one of the ideas that was brought up by republicans was, just eliminate the preferences on the first $380,000 worth of income for those people making more than that and charge everybody 35%, which means that people wouldn't have to vote to raise the highest rate. the problem with that is people like mitt romney and many oth
MSNBC
Nov 22, 2012 6:00am PST
on the issue of taxes, saying they don't want to see the bush era tax cuts expire for the wealthiest americans. of course, that is something the democrats have been adamant about. so they're stuck on this old issue of taxes. and also stuck on the issue of entitlements. we had harry reid come out and basically say he wasn't open to reforming especially social security. so there's a big question mark about how they're going to move forward. remember, these are sort of their opening bids. presumably there is room for some sort of movement on either side. in terms of getting a deal done by the first of the year, i think there's a lot of pressure on both sides to try to get something done here. you remember the debt ceiling debate. after that sort of knockdown dragout fight, congress had its lowest approval ratings in history. they know they need to get something done. remember, if they don't get something done before the first of the year, it could have serious consequences on the economy. >> i want to ask you both to weigh in on this question. kristen, you do the political angle and neil you give
MSNBC
Nov 23, 2012 6:00am PST
way to do that and come back over tax reform next year. i think what the signs are that the president wants to raise tax rates on the wealthiest 2% of earners, a balanced approach, but the republican party is saying, hey, wait a minute. let's close tax loopholes, close deductions. that's a better way. so i think they are looking for are a path down the middle. >> doug, try to reconcile all of this. you have "the washington post" which highlighted the number of polls showing people want smaller government but they don't want cuts in any of the entitlement programs. they do want the deficit cuts. you can't have it all, right? >> right. well, if you look at the exit polling, most were supportive of raising rates on the rich and that has been consistent throughout this election season. i'm bullish. i don't know if it's the turkey or the drink or the redskins victory yesterday affecting me here but i'm bullish that there will be a solution. you have three dynamics here at play. you have a president who is significantly stronger, i think, speaker boehner is stronger inside of his conference
MSNBC
Nov 21, 2012 8:00am PST
to get some form of tax deduction so that they can make themselves whole again. we want to keep people in business. second of all, home -- the homes. tremendous damage. there's a point beyond which insurance doesn't cover. we should provide that. that's what we did in katrina. that's what we should be doing for new jersey, whether it be the shore or north jersey area, which was hit severely, like towns like hoboken, little ferry. so we're trying to look at the whole situation, tom. and i think we can come to a resolution. there's the delegation seems to me together. i hope we need to provide a united front or else it's just not going to be work. >> it does sound like you guys are walking side by side in step coordination. the governor was with you part of these meetings. as we talk act federal money for building projects, iffer homes, small businesses, let's talk more about -- because i know this was on the agenda of conversation, as well -- protecting jersey from superstorms, the protection project agenda. what stands out to you? >> it looks like the president and the vice president a
MSNBC
Nov 22, 2012 4:00am PST
the door to revenue but not by raising taxes. is that going to be enough? might that be the compromised point? >> if you listen to the white house and top democrats it might not be, because they're saying, i think treasury secretary geithner said the other day that's not enough money. president obama starting negotiations at $1.6 trillion in revenues, that's twice as much as the president seemed to agree to two summers ago before the fiscal cliff debt negotiations collapsed with speaker boehner. so i think that's the dividing line right there, whether it's going to be eliminating deducts or higher rates. there's pressure from left on the president to hold the line. he won the election, he told labor leaders last week, prior to meetings on friday, with capitol hill leaders he was going to hold the line. the white house's taking a tough tact here. >> congressman ellison suggests that is not enough on politics nation last night. let's take a listen. >> all of those guys who signed pledges for grover norquist, they're still around. i think the tea party was somewhat of a fleeting moment. he
MSNBC
Nov 23, 2012 5:00am PST
comprehensive entitlement reforms in exchange for an increase tax rate? >> i think that's an excellent question. let's make one thing clear. the entitlements have little to do with the day-to-day operation of the budget. they have their own separate budgets. they're paid for in a separate manner, through payroll taxes. so anybody that wants to do that is really holding the issue hostage. the other side is good at doing that. republicans have been very good at holding us hostage. we said to them at least pass the middle chas tax cuts and let's continue those and then we'll debate the other stuff. there is no compromising these ideologues. i want compromise. people want them to come together. if you hold the other issue or the other side hostage, it's not going to get done. i'm a little less optimistic than i was last week when i hear from staff and the discussions that are going on behind the scenes. i'm less optimistic about it. but i'm in there fighting for resolution. if we kick the can down the road, alex, this is the worst thing that we can do. it only builds up anxiety in the markets. >> i
MSNBC
Nov 22, 2012 5:00am PST
a deal that reduces taxes on the wealthy and doesn't cut entitlements, but most of all they want compromise. is this going to be one of these 11th-hour deals or two-parter? how do you see this playing out? >> i think it's going to be a two-parter, alex. but something that you said there is fundamentally wrong, americans do not want any entitlement reform. and any type of fiscal deal, you have to have some type of entitlement reform. i know it's painful to have that conversation, but that's what's putting us in this fiscal mess. if you don't tackle that, the big entitlement issues, we're going to continue to have this problem for generations to come. >> okay. richard and robert, thank you so much. >> sure, alex. >> have a happy thanksgiving. >>> a military thanksgiving in afghanistan. certainly a long way from home, but our troops are feasting on 78,000 pounds of turkey, sweet potatoes and pie. we take a seat at the table after the break. >>> we celebrate the holiday here at home, there are thousands of brave american service members overseas spending their thanksgiving together.
Search Results 0 to 13 of about 14